The 10 Most Common Real Estate Math Formulas You Need to Know | Just Call Maggie

Описание: The 10 most common real estate math formulas you need to know. Hey there, future real estate pros! 🏡 Ready to crush your real estate exam? Join Maggie Relloso, your trusty math guide, as she breaks down the top 10 must-know formulas that will make those math questions a breeze.

In this video, Maggie simplifies complex real estate math into easy-to-follow steps. From commissions to cap rates, down payments to property taxes, she's got you covered. Plus, she throws in some tips and tricks to boost your math skills along the way.

Formula 1: Commissions (1:03)
Commission = sales price x commission rate
Formula 2: Capitalization Rate (1:50)
Capitalization rate = net operating income divided by the market value times 100
Formula 3: LTV Ratio (2:45)
Loan amount/Market Value x 100 = LTV Ratio
Formula 4: Down Payment Percentage (3:41)
Down payment amount/Sales price x 100 = down payment percentage
Formula 5: Property Taxes (4:40)
Assessed value of property x tax rate = annual property tax
Formula 6: Price per Square Foot (5:19)
Property price/Total square footage = Price per Square Foot
Formula 7: Loan Constant (5:48)
Debt service (monthly payment)/loan amount = loan constant
Formula 8: Gross Rent Multiplier (GRM) (6:20)
Property price/annual rental income = GRM
Formula 9: Area (7:00)
Area of a rectangle or square = base x height
Area of a triangle = base x height/2
Formula 10: Proration (7:51)
Annual tax amount/days in a year (360/365) = price per day

Don't let those equations intimidate you any longer. Hit that subscribe button, give us a thumbs up if you found this video helpful, and get ready to ace your real estate exam with Maggie by your side!

Subscribe to @JustCallMaggie more real estate insights, and remember, math doesn't have to be your enemy. Stay tuned, keep crunching those numbers, and happy studying! 📚💼🎓

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